October 12, 2013
I support Dodd-Frank rule 953(b), which strikes me as being all about the intersection of pay equity and investor value.
American workers are more productive than ever, but, year after year, studies show working Americans earning less and less, even as CEO pay balloons and corporate profits soar.
Disclosing corporate pay ratios between CEOs and average employees will finally show which corporations are driving this trend, which siphons money away from investors, and into the pockets of CEOs. In 1990, senior executive pay absorbed 5 percent of corporate profits. Today, according to Government Metrics International, it absorbs 10 percent.
Our country was built on concepts of fairness and equity, a principle that has badly eroded in recent years. Continuation of this terrible unfair disparity will lead only to mass discontent and eventual rebellion. If the CEOs are not smart enough to see this, the SEC should expose it in the hopes that it will diminish.
Thank you for considering my comment,
Jon Rohde
Cambridge, MA